2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. boosted its stake in Novanta Inc. ( NASDAQ:NOVT – Free Report ) by 0.
9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,667 shares of the technology company’s stock after buying an additional 595 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Novanta were worth $9,726,000 at the end of the most recent quarter. Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in shares of Novanta during the fourth quarter worth $26,000.
Huntington National Bank increased its position in Novanta by 53.6% in the 4th quarter. Huntington National Bank now owns 430 shares of the technology company’s stock worth $66,000 after purchasing an additional 150 shares during the last quarter.
SBI Securities Co. Ltd. purchased a new stake in shares of Novanta during the 4th quarter worth about $97,000.
Venturi Wealth Management LLC lifted its holdings in shares of Novanta by 6,500.0% during the 4th quarter. Venturi Wealth Management LLC now owns 726 shares of the technology company’s stock valued at $111,000 after buying an additional 715 shares during the last quarter.
Finally, Sanctuary Advisors LLC bought a new stake in shares of Novanta in the 3rd quarter valued at approximately $232,000. Institutional investors and hedge funds own 98.35% of the company’s stock.
Novanta Stock Up 0.5 % NOVT stock opened at $114.58 on Friday.
The company has a current ratio of 2.79, a quick ratio of 1.81 and a debt-to-equity ratio of 0.
61. The firm has a market cap of $4.12 billion, a PE ratio of 68.
61 and a beta of 1.42. Novanta Inc.
has a 1 year low of $98.76 and a 1 year high of $187.12.
The company has a fifty day simple moving average of $131.34 and a 200 day simple moving average of $151.87.
Wall Street Analysts Forecast Growth Separately, Robert W. Baird reduced their target price on shares of Novanta from $169.00 to $160.
00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. View Our Latest Report on NOVT About Novanta ( Free Report ) Novanta, Inc engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion.
The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. Read More Want to see what other hedge funds are holding NOVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Novanta Inc.
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